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Panoro Minerals Drills 78.8 Metres of 0.32% Copper at Cotabambas Project
VANCOUVER, B.C., Dec. 11, 2017 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) ("Panoro", the "Company") is pleased to provide an
About this update from Panoro Minerals Ltd.
[{"type":"text","content":"VANCOUVER, B.C., Dec. 11, 2017 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (\"Panoro\", the \"Company\") is pleased to provide an update of its exploration drill program at its 100% owned Cotabambas Cu/Au/Ag Project in Peru. Highlights are as follows: Petra Target: Drillhole CB-172 intersected from 0 to 78.8m oxide copper mineralization in a quartz monzonite porphyry intruding diorite and averaging 0.32% Cu, 0.08 g/t Au, 2.2 g/t Ag, including two intervals of 20.4m grading 0.48% Cu, 0.12 g/t Au, 2.6 g/t Ag, and 10.0m averaging 0.57% Cu, 0.14 g/t Au, 2.2 g/t Ag. Maria Jose 1 Target: Drillhole CB-180 intersected from 2.2m to 115.0m oxide copper mineralization at the contact between andesite volcanics and quartz monzonite porphyry and averaging 0.23% Cu, 0.02 g/t Au and 1.1 g/t Ag, including two intervals of 9.0m grading 0.43% Cu, 0.03 g/t Au, 1.1 g/t Ag and 34.9m averaging 0.30% Cu, 0.02 g/t Au, 1.3 g/t Ag. David Target: Drillhole CB-175 intersected from 54.8m to 142.4m oxide copper mineralization in a quartz monzonite porphyry intruding andesite volcanics and averaging 0.20% Cu, 0.07 g/t Au, 1.8 g/t Ag, including two blankets of 7.6m grading 0.39% Cu, 0.13 g/t Au, 2.4 g/t Ag, and 8.6m averaging 0.29% Cu, 0.08 g/t Au, 2.3 g/t Ag. Luquman Shaheen, President & CEO of Panoro, states, “The drilling program continues to intersect oxide mineralization in the satellite targets of Cluster 1 of the Cotabambas Project. The oxide mineralization intersected at or near surface is demonstrating the potential to include a heap leach and SX/EW component to the current project plan outlined in the Preliminary Economic Assessment (PEA). Panoro is waiting for additional drill assay results from drill holes targeting the sulphide mineralization intersected in previously announced drill results from the Maria Jose Target. We look forward to continuing the exploration program in 2018 to continue expanding the mineralized zones intersected in Cluster 1, around the current resource, where the 2017 drill results will guide targetting of higher grade near surface mineralization. In 2018 Panoro’s exploration work will also step out into Cluster 2 where skarn and porphyry-style copper mineralization has been identified by rock chip...